Consignment Agreement Form

CONSIGNMENT AGREEMENT

This agreement is made on [date] between [name of
shop] , herein referred to as “Seller”, and
[individual]

Whereas [individual] wishes to sell [description of
item(s)] by consigning said item(s) to [name of shop]
for sale, it is understood:

That Seller agrees to display item(s) in a prominent place
in his establishment.

That Seller will make every attempt to obtain the best
possible price for the consigned merchandise and will accept
no less than $ as purchase price.

That for his efforts Seller is entltled to retain [percent]
of the purchase price.

That should a sale be effectuated, Seller shall forward a
check for the amount of the full purchase price less the
aforementioned [percent] to Consigneee within 10 days
of the receipt of same.

That Seller represents that he maintains insurance for theft
and damage, and that the consigned merchandise will be covered
by said insurance while it is in his possession.

That Consignee agrees to leave the merchandise with Seller
for a minimum of [time]

That should the merchandise remain unsold at the end of the
consignment period and an election be made by the Consignee
to remove said merchandise, any costs incurred by the delivery
of same to Consignee shall be borne by Consignee.

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Responses

  1. Kate says:

    July 12th, 2008 at 1:11 pm (#)

    You might wish to review the definition of consignee.

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